Louisiana State Employees Retirement System Sells 900 Shares of Ziff Davis, Inc. (NASDAQ:ZD)

Louisiana State Employees Retirement System lessened its holdings in shares of Ziff Davis, Inc. (NASDAQ:ZD) by 4.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 20,700 shares of the technology company’s stock after selling 900 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Ziff Davis were worth $1,125,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ZD. Wilmington Savings Fund Society FSB bought a new stake in Ziff Davis in the 3rd quarter worth approximately $37,000. TD Private Client Wealth LLC increased its stake in Ziff Davis by 19.2% in the 3rd quarter. TD Private Client Wealth LLC now owns 1,549 shares of the technology company’s stock worth $75,000 after acquiring an additional 249 shares during the last quarter. Central Pacific Bank Trust Division increased its stake in Ziff Davis by 17.9% in the 4th quarter. Central Pacific Bank Trust Division now owns 3,220 shares of the technology company’s stock worth $175,000 after acquiring an additional 490 shares during the last quarter. FORA Capital LLC bought a new stake in Ziff Davis in the 3rd quarter worth approximately $210,000. Finally, CIBC Asset Management Inc bought a new stake in Ziff Davis in the 3rd quarter worth approximately $217,000. Institutional investors own 99.76% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. UBS Group dropped their target price on Ziff Davis from $76.00 to $65.00 and set a “neutral” rating for the company in a report on Tuesday, December 3rd. Barclays lifted their target price on Ziff Davis from $44.00 to $61.00 and gave the stock an “equal weight” rating in a report on Monday, November 11th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Ziff Davis currently has a consensus rating of “Moderate Buy” and a consensus target price of $69.71.

Ziff Davis Trading Down 0.7 %

Shares of NASDAQ ZD opened at $53.41 on Tuesday. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.49. The business has a fifty day simple moving average of $54.61 and a two-hundred day simple moving average of $51.02. The firm has a market cap of $2.28 billion, a PE ratio of 45.26 and a beta of 1.36. Ziff Davis, Inc. has a twelve month low of $37.76 and a twelve month high of $70.02.

About Ziff Davis

Ziff Davis, Inc, together with its subsidiaries, operates as a digital media and internet company in the United States and internationally. The company offers PCMag, an online resource for laboratory-based product reviews, technology news, buying guides, and research papers; Mashable for publishing technology and culture content; Spiceworks Ziff Davis provides digital content of IT products and services; retailMeNot, a savings destination platform; Offers.com, a coupon and deals website; and event-based properties, including BlackFriday.com, TheBlackFriday.com, BestBlackFriday.com, and DealsofAmerica.com.